Press release -
Placement of a bond issue for Gefion Group successfully completed
Issue Amount: approximately DKK 85 Million
Fixed Interest Rate Coupon: 9.00 % and 18.00%
Maturity: 15 months (+/- 6 months)
The bond offering for Gefion Group, through the subsidiary GG Tobaksvejen 2C Holding ApS, has been successfully completed. The bond offer consist of two tranches, where the senior bond has an issue amount of DKK 65m with a fixed interest rate of 9.00% p.a. and the junior bond has an issue amount of DKK 20m with a fixed interest rate of 18.00% p.a. Each tranche has been offered in DKK, NOK and SEK and JOOL Markets AS acted as Sole Manager and bookrunner for the offering.
The senior bond has first priority security interest over shares in the issuer and the property company and a guarantee undertaking from Gefion Group A/S and Gefion Group Ejendomsudvikling K/S until construction financing is in place. The junior bond has second priority security interest over shares in the issuer and the property company and a guarantee undertaking from Gefion Group A/S and Gefion Group Ejendomsudvikling K/S until construction financing is in place.
Roschier law firm and Moalem Weitemeyer Bendtsen acted as legal advisors and Intertrust (Sweden) AB as bond trustee. The NOK bonds will be registered through the VPS system while the SEK bonds will be registered through Euroclear Sweden.
JOOL Capital Partner AB structures financial products, focusing mainly on corporate bonds and fixed income investments. Headquartered in Gothenburg, Sweden, we are also represented in Stockholm, Oslo, Bergen, Singapore and Abu Dhabi. JOOL is a market leader in the Nordic corporate bond market within the SEK 30–200 million segment. We are a wholesale distributor of alternative investment products with over 150 partners world wide and we are catering global distribution platforms, such as Institutions, Private Banks, IFA's and Family Offices. Through the JOOL Markets AS subsidiary, JOOL is authorized by the Norwegian Financial Service Authority to carry out a broad range of investment services and associated activities in Norway, Sweden, Denmark, Finland, Great Britain and Germany.
JOOL Group